FREMONT, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) -- ACM Research, Inc. (“ACM”) (NASDAQ: ACMR), a leading supplier of wafer processing solutions for semiconductor and advanced packaging applications, today issued comments regarding recent updates to U.S. export regulations. On December 2, 2024, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) imposed additional controls on exports to, and transfers within, the People’s Republic of China (“PRC”) relating to advanced integrated circuit (“IC”) products, certain IC manufacturing equipment and technology, and supercomputers associated with artificial intelligence (AI) and advanced computing. As part of the new regulations, among other updates, ACM Research (Shanghai), Inc. (“ACM Shanghai”) and its operating subsidiaries in China and Korea, were added to the Entity List published by BIS. Neither ACM, nor its direct subsidiaries outside of mainland China, were added to the Entity List. ACM is a Delaware corporation founded in California in 1998 to supply capital equipment developed for the global semiconductor industry. Since 2005, ACM has conducted its business operations principally through its subsidiary, ACM Shanghai, a limited liability corporation organized in the PRC. Based on public reports, 140 entities with semiconductor operations related to mainland China were added to the Entity List, 120 of which were semiconductor capital equipment suppliers. We note that neither ACM Shanghai nor its subsidiary was notified of any specific wrongdoing that resulted in its addition to the Entity List. We are assessing the potential impacts to our business and operational plans that may result from the new regulations. We believe the impact to our supply chain and the ability of ACM Shanghai to produce tools in the PRC will be minimized and manageable as a result of having alternative sources and suppliers. We do not anticipate an impact to the ability to sell, deliver and service products to customers outside of the PRC, however the potential impact on sales to our PRC customers will depend, in part, on the effect of the new regulations on their own spending plans. Consistent with prior years, we expect to issue a press release in January with preliminary results for 2024 and our initial revenue outlook for 2025. We will continue to focus on technology innovation for the global market and operate in compliance with all applicable laws and regulations. We are confident we can maintain our role as a key supplier of differentiated capital equipment to global customers and protect the interests of partners, employees, and investors as we navigate the ever-evolving geopolitical landscape. Forward-Looking Statements Certain statements contained in this press release are not historical facts and may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “plans,” “expects,” “believes,” “anticipates,” “designed,” and similar words are intended to identify forward-looking statements. Forward-looking statements are based on ACM management’s current expectations and beliefs and involve a number of risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from those stated or implied by the forward-looking statements. A description of certain of these risks, uncertainties and other matters can be found in filings ACM makes with the U.S. Securities and Exchange Commission, all of which are available at www.sec.gov. Because forward-looking statements involve risks and uncertainties, actual results and events may differ materially from results and events currently expected by ACM. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. ACM undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in its expectations with regard to these forward-looking statements or the occurrence of unanticipated events. About ACM Research, Inc. ACM develops, manufactures and sells semiconductor process equipment spanning cleaning, electroplating, stress-free polishing, vertical furnace processes, track, PECVD, and wafer- and panel-level packaging tools, enabling advanced and semi-critical semiconductor device manufacturing. ACM is committed to delivering customized, high-performance, cost-effective process solutions that semiconductor manufacturers can use in numerous manufacturing steps to improve productivity and product yield. For more information, visit www.acmr.com. © ACM Research, Inc. The ACM Research logo is a trademark of ACM Research, Inc. For convenience, the trademark appears in this press release without TM symbols, but that practice does not mean ACM will not assert, to the fullest extent under applicable law, its rights to such trademarks. All other trademarks are the property of their respective owners. For investor and media inquiries, please contact:In addition to the bans, manufacturers of electric vehicles are also under scrutiny for failing to address the windshield defects in a timely manner. Calls for improved quality control measures and stricter safety regulations in the EV industry have intensified as a result of these incidents. It is crucial for manufacturers to prioritize safety and address any known defects promptly to prevent accidents and protect consumers.Trump's latest ultimatum comes amidst growing tensions within the alliance over defense spending and burden-sharing. The U.S. has long been the largest contributor to NATO's budget, accounting for a significant portion of the alliance's overall military expenditures. Trump has repeatedly criticized NATO allies for not meeting their agreed-upon defense spending targets of 2% of GDP, with only a handful of countries, including the United States, the United Kingdom, Greece, and Estonia, currently meeting that goal.
As technology continues to evolve and shape the ways in which we interact with media and entertainment, it is essential for stakeholders to engage in constructive dialogue and collaboration to ensure that creative expression is balanced with ethical considerations and respect for cultural heritage. The case of "Zhen Huan with a gun" serves as a timely reminder of the complexities and challenges associated with AI modification and the importance of maintaining responsible and thoughtful practices in content creation.None
Strontium Ferrite Market Size, Share Projections 2031 by Key Manufacturer- American Elements, Sinomag, Ssangyong Materials Corporation, Unimagnet, Strontium Ferriten India Limited (SFIL)HUNTSVILLE, Texas (AP) — Jonah Pierce had 20 points in Presbyterian's 67-42 win against Youngstown State on Friday night. Pierce added nine rebounds for the Blue Hose (4-3). Kory Mincy scored 12 points, shooting 5 for 11, including 2 for 5 from beyond the arc. Kobe Stewart had 11 points and finished 4 of 9 from the field. The Penguins (2-3) were led by Ty Harper, who posted 12 points. EJ Farmer added 10 points and three steals for Youngstown State. Nico Galette also had five points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Topline The House passed a bill Wednesday to greenlight a 1% increase in defense spending this fiscal year, provide raises for junior military members and enact a controversial provision banning gender-affirming care for children of military members, under a certain condition. Key Facts Get Forbes Breaking News Text Alerts : We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here. What To Watch For The bill will be sent to the Democratic-led Senate and will go to President Joe Biden if passed. The president is expected to sign it . Key Background Gender-affirming care restrictions have been a target for Republicans, who successfully banned or restricted aspects of the treatment in a large group of states last year. As of this summer, gender-affirming care was restricted in 25 states including Idaho, Utah, Arizona, Texas, Georgia and Florida, according to NPR , which noted zero states had such laws just a few years ago. President-elect Donald Trump, who vowed during his campaign to roll back LGBTQ+ protections , said last year he would have federal agencies stop healthcare providers from providing gender-affirming services for minors. Trump has characterized the services as “child abuse” and “child sexual mutilation” and pushed for restrictions on federal funding allocated toward transgender issues. The president-elect, who will have a Republican majority in the House and Senate, has also vowed to “cut federal funding” for schools teaching “critical race theory, transgender insanity, and other inappropriate racial, sexual, or political content on our children.” Further Reading Trump Promises Rollback On Trans Rights: Here's What He's Said (Forbes) North Carolina Restricts Gender-Affirming Care After Overriding Governor’s Veto—Here Are All The States With Similar Bans Or Restrictions (Forbes)